Letter To Shareholders - Mitac

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3. Supply of key components Names Origins Supply Status CPU Original Manufacturer: US Good Hard Disk Drives Original Manufacturer: US, Japan, Korea Good DRAM Original Manufacturer: US, Japan, Germany, Korea Good Flash Original Manufacturer: US, Korea, Taiwan Fair Printed Circuit Boards Original Manufacturer: Taiwan, US, China Good LCD Panels Original Manufacturer: Taiwan, Korea Good CHIPSET Original Manufacturer: Taiwan, US Good CDROM Original Manufacturer: Taiwan, Japan, Korea Good MODEM Original Manufacturer: Taiwan Good Camera Module Original Manufacturer: Taiwan, Japan, Korea Good Battery Pack Original Manufacturer: Taiwan, Japan, China Good 4. Major customers and suppliers in these two years (1) List of major customers Unit: NT$ Thousand 2008 2009 Percentage to Percentage to Items Customers Amount annual Net Sales Customers Amount annual Net (%) Sales (%) Synnex 1 “E” 9,550,157 16 Corporation 8,394,729 14 2 “D” 7,141,094 12 “E” 6,610,890 11 3 MiTAC Logistics Corporation 5,765,895 10 Others 44,118,174 72 Others 37,267,901 65 Net Sales 60,809,425 100 Net Sales 58,039,415 100 Increases and decreases are reflection of market trends, product demands, business prospects, R&D technology, sales profits, and customer contracts. (2) List of major suppliers Unit: NT$ Thousand 2008 2009 Items Supplier names 1 MiTAC Computer (ShunDe) Ltd. 2 MiTAC Computer (Kunshan) Co., Ltd. Amount Percentage to the annual’s Net Purchases (%) 9,371,45 18 7,472,996 14 78 Supplier names MiTAC Computer (ShunDe)Ltd. Amount Percentage to the annual’s Net Purchases (%) 5,962,607 12 Others 35,984,135 68 Others 45,103,139 88 Net Purchases 52,828,581 100.00 Net Purchases 51,065,746 100.00 Increases and decreases are reflection of yearly marketing and sales strategy, material requirements, vendor supply prices, delivery terms, and product quality. 5. Production volume and value in recent two years Unit: NT$ Thousand/ Set
Volume/value Year 2008 2009 Major products Capacity Volume Value Capacity Volume Value Computers and 21,150,000 12,129,766 55,904,929 18,800,000 9,886,950 53,193,579 communication Note: These figures listed above include overseas processing work. 6. Sales volume and value in recent two years Unit: NT$ Thousand/ Set Volume/value Year 2008 2009 Import Export Import Export Major products Volume Value Volume Value Volume Value Volume Value Computers and communication 251,700 720,933 11,884,356 60,088,492 161,643 393,765 9,963,653 57,645,650 7. Key Performance Indicator (1) Human Resources cost to sales revenues in recent two years Unit: NT$ Thousand 2008 2009 Sales revenues 60,809,425 58,039,415 Labor cost 1,252,405 1,554,005 Labor cost / Sales revenues 2% 3% (2) Average sales revenue generated by each employee in recent two years Unit: NT$ Thousand 2008 2009 Sales revenues 60,809,425 58,039,415 Number of employees 1,512 1,342 Sales revenues / Number of employees 40,218 43,248 (3) Financial structure, solvency, and operational ability in recent two years 2008 2009 Debt ratio (%) 37.90 39.93 Current ratio (%) 130.44 128.98 Quick ratio (%) 91.95 93.23 Accounts receivable turnover (times) 4.17 4.47 Inventory turnover (times) 7.14 6.91 79
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009 ANNUAL REPORT StockNo:2315 2009
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Contents 1. 7. Assessment Letter To
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competitiveness Letter in the marke
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2007 2009 2008 2005 2006 2007 Compa
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2007 2009 2008 2005 2006 2007 Compa
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3.1.2 Responsibilities of major dep
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Names Chairman Mathew Miau Director
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Titles Names Dates took position Sh
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Titles Vice president Vice presiden
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Below 2,000,000 Remuneration Rankin
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Titles Names MiTAC Salaries (A) In
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Managers Receiving Employee Bonuses
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3.3.2 Supervisors’ participation
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Items Status Differentiation with o
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3.3.4 Social contribution to enviro
Page 31 and 32: 3.3.6 Important resolutions reached
Page 33 and 34: 3.4. CPA’s dues Range of Audit Re
Page 35 and 36: 3.7 Relationships between the top t
Page 37 and 38: 3.8 Aggregate shareholding percenta
Page 39 and 40: 2. Preferred stock: None 4.1.4 Majo
Page 41 and 42: latest financial year after taking
Page 43 and 44: MiTAC International Corp. Regulatio
Page 45 and 46: converting price is to be adjusted
Page 47 and 48: total issuance value, the Company m
Page 49 and 50: 4.3 Employees’ stock options 4.3.
Page 51 and 52: April 30, 2010 Type of employees’
Page 53 and 54: April 30, 2010 Units:NT$ Thousand/
Page 55 and 56: April 30, 2010 Units:NT$ Thousand/S
Page 63 and 64: ‧Personal computers with wire or
Page 65 and 66: (6) Since many worldly famous compa
Page 67 and 68: communication technologies mature i
Page 69 and 70: manufactured for the mainstream mar
Page 71 and 72: state-of-the-art hardware with navi
Page 73 and 74: devices, establishes connection wit
Page 75 and 76: downstream technologies to develop
Page 77 and 78: 2009, and 1.3 million units sold in
Page 79 and 80: customer satisfaction for a greater
Page 81: 5.2.2 Important applications and pr
Page 85 and 86: 5.4.2 MiTAC’s environmental healt
Page 87 and 88: consumption. To comply with the REA
Page 89 and 90: and the integration of all our comp
Page 91 and 92: 6. Financial Statement 6.1. Most re
Page 93 and 94: 6.2. Financial analysis in most rec
Page 95 and 96: 6.3. Supervisors’ Report of the m
Page 97 and 98: MITAC INTERNATIONAL CORP. AND SUBSI
Page 103 and 104: 2.Research, development, manufactur
Page 105 and 106: 4) Classification of current and no
Page 107 and 108: 11) Allowance for doubtful accounts
Page 109 and 110: 18) Convertible bonds For convertib
Page 111 and 112: C. When a company’s treasury stoc
Page 113 and 114: B. The Company's investee, G. Marso
Page 115 and 116: D. Lian Jie Investment Co., Ltd. ma
Page 117 and 118: than the sum of carrying value of i
Page 119 and 120: 14) Long-term loans December 31, Ba
Page 121 and 122: 17) Capital reserve The R.O.C. Secu
Page 123 and 124: 19) Share-based payment ─ employe
Page 125 and 126: (b) As of December 31, 2009, the su
Page 127 and 128: G. (a) A summary of the movements u
Page 129 and 130: (c) The Company assumed the employe
Page 131 and 132: exceed the sum of retained earnings
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C. Components of deferred income ta
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21) Earnings per share Income befor
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treasury stock. 23) Personnel, depr
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E. Accounts payable As of December
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10. OTHER INFORMATION 1) The fair v
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(c) Short-term financial instrument
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11.SUPPLEMENTARY DISCLOSURES A. Inf
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Note 2: 47,500,000 shares were pled
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(8) Receivables from related partie
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B. Information of Subsidiaries: (1)
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Note 3: Equal to 50% of the net wor
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(5) Marketable securities for which
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(10) Information on derivative tran
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) Major transactions with the subsi
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D) The relation of business and imp
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12. SEGMENT INFORMATION 1) Operatio
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7 Assessment of financial condition
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7.3 Cash flow analysis Unit: NT$ Th
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7.5.2 Influences of the interest ra
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(4) Enterprise and channel servers/
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8.1. Information of affiliates 8.1.
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2. Affiliated companies - basic dat
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Company Name Date established Addre
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MiTAC (U.K.) Ltd. Sales of MiTAC’
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Company name Title Name or Rep. Sha
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8.2. MiTAC’s stocks held or dispo
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Letter To Shareholders - Mitac

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